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Coach Q4 income tops expectations, but sales miss
New York -- Coach Inc. reported Tuesday that net income for the quarter ended June 30 rose 24% to $251.4 million, from $202.5 million in the same period last year, topping Wall Street projections.
The company’s revenue in the quarter rose 12% to $1.16 billion, below analysts’ expectations of $1.2 billion. Slowing growth at the company’s factory-outlet stores impacted sales. Coach reinstated coupons at its factory stores late in the quarter amid increasing discounting among retailers.
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Haggar Clothing promotes marketing, sales executives
DALLAS — Haggar Clothing, which makes casual and fine apparel for men, has promoted two executives to key positions within the company's merchandising and sales organizations.
Nancy Dowling has been promoted to VP merchandising and design. She previously served for three years as the director of design for men's casual for the Haggar brand. Under her direction, the brand has increased market share by over 16%, adding innovative new products and collections to the Haggar brand offering.